Despite record-breaking growth, renewables deployment is still way below achieving 1.5°C temperature goals and the global target to triple renewable energy by 2030.
Collective action from governments, individuals, communities, public and private sectors can make a difference and accelerate the pace of renewable energy growth. Political leaders have a chance to drive investment and accelerate the clean energy transition over the next 12 months by setting specific and actionable renewable energy targets in their NDCs and supporting global targets for energy storage and grids.
This letter to world leaders spells out this unique opportunity governments have to Now Deliver Change – it is supported by a global coalition of over 100 stakeholders from industry, finance and civil society.
The Global Renewables Summit is the first-ever high-level public-private summit to discuss the progress, opportunities, and challenges of tripling renewable energy globally by 2030. With heads of states, private sector leaders and representatives from civil society, the summit promises real action on the global 3xRenewables target.
Meeting the 3xRenewables commitment by 2030 and the Paris Agreement goals will require a massive and rapid increase in investments in new and existing electricity grids. This is not just a technical necessity; it is a defining moment for our collective future.
See our recommendations on a global target for Grids, developed with the Green Grids Initiative, Climate Compatible Growth and Lucetia Group.
The ability to store and dispatch renewable energy when needed is an essential component of the clean energy transition and integral to meeting the 3xRenewables target.
By 2030 we need a six-fold increase in storage, with 1.5 TW required to keep the world on track for net zero. Beyond 2030, the need for storage will continue to accelerate, with a wide diversity of technologies and durations required to decarbonise global electricity systems and energy-intensive industrial processes.
The first milestone of the ‘Double Down, Triple Up’ campaign was reached at COP28 when world leaders agreed to triple global renewable energy capacity and double energy efficiency by 2030.
It’s Time 4 Action. In the second phase of the campaign we call on governments and policymakers to deliver on their commitment.
Globally, there is a pressing demand for new energy supplies from renewable sources.
Corporations aim to contribute to limiting global warming by obtaining affordable and clean electricity to lower carbon emissions. Renewable corporate sourcing was established to support these goals. Many companies have pledged to use 100% renewable electricity worldwide (through initiatives like RE100 and 24/7 CFE). This approach has become a significant business opportunity, enhancing the economic competitiveness of corporations and reducing their carbon footprint.
Action on finance, permits, supply chains and grids are urgently required to deploy 11.000 renewable gigawatts by 2030.
GRA’s policy agenda ‘Actions to Deliver 3xRenewables by 2030‘ outlines the core actions needed to achieve the global renewables target.
With GRA’s action agenda, reaching 11.000 GW by 2030 is possible.
The campaign is designed to be carried collectively by a wide range of actors sharing the 3xRenewables ambition, from NGOs to companies, from local to global scale.
Our communications material is available via the links below and is shared with guidelines for use of messaging.
Representing global perspectives within the renewable energy and climate change space, this report by the COP28 Presidency, IRENA and the Global Renewables Alliance provides recommendations on the means to triple renewable power generation capacity and double the energy efficiency improvement rate by 2030.
